Brief: ABVC Signs Term Sheet To Acquire Real Estate Assets
26/07/2023 15:24
July 26 (Reuters) - ABVC Biopharma Inc ABVC.O :
* ABVC SIGNS TERM SHEET TO ACQUIRE REAL ESTATE ASSETS FOR
STRATEGIC INVESTMENTS
* ABVC BIOPHARMA INC - INTENDS TO TRANSFER COMMON SHARES TO
ZHONGHUI AT $20 PER SHARE IN CONSIDERATION FOR A TWENTY PERCENT
OWNERSHIP OF ZHONGHUI'S PROPERTY
* ABVC BIOPHARMA INC - SIGNED A TERM SHEET TO ADVANCE A
PARTNERSHIP WITH ZHONGHUI UNITED TECHNOLOGY GROUP CO., LTD. AND
ITS AFFILIATED ENTERPRISES
* ABVC BIOPHARMA INC - PARTNERSHIP CONTEMPLATES A PLANNED
ACQUISITION OF REAL ESTATE ASSETS VIA AN EQUITY TRANSFER,
ESTIMATED AT $7.4 MILLION
Source text for Eikon: ID:nGNX4trb36
Further company coverage: ABVC.O
((Reuters.Briefs@thomsonreuters.com;))
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